Search found 14 matches
- Wed Mar 27, 2019 8:22 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Tax on RRSP contribution
- Replies: 13
- Views: 5394
Re: Tax on RRSP contribution
or put gross pension on 4a and taxable amount on 4b after converting Canadian $ to US $?
- Wed Mar 27, 2019 8:13 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Tax on RRSP contribution
- Replies: 13
- Views: 5394
Re: Tax on RRSP contribution
nelsona wrote: > You report the gross pension on the pension line, and the taxable on the > same line, presumambly zero, you can certainly include an 8833 to explain, nelsona, I am using H&R block. I could't find the pension line. Did you mean box 12? then which code? Or it is in deduction or cr...
- Wed Mar 27, 2019 8:11 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Form 2555 foreign earned income
- Replies: 6
- Views: 3325
Re: Form 2555 foreign earned income
okay. thank you again!
- Mon Mar 25, 2019 11:10 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Tax on RRSP contribution
- Replies: 13
- Views: 5394
Re: Tax on RRSP contribution
Thanks so much for your help!
- Mon Mar 25, 2019 11:06 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Form 2555 foreign earned income
- Replies: 6
- Views: 3325
Re: Form 2555 foreign earned income
I lived in Canada for 15 years before I moved to the US so I qualify as a bona fide resident. However, in 2018 I only lived in Canada for 15 days. I moved to the US on January 15. If my understanding is correct, the amount of foreign income can be excluded is determined by the proportion of uninterr...
- Sun Mar 24, 2019 5:45 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Tax on RRSP contribution
- Replies: 13
- Views: 5394
Re: Tax on RRSP contribution
nelsona wrote:
> Yes, it has nothing to do wit the agreement, it has to do wit the type of
> income and how it will be taxed in Canada (and this US).
Should I report severance income on form 1040 or exclude it from 1040 then explain it on form 8833?
> Yes, it has nothing to do wit the agreement, it has to do wit the type of
> income and how it will be taxed in Canada (and this US).
Should I report severance income on form 1040 or exclude it from 1040 then explain it on form 8833?
- Sun Mar 24, 2019 3:43 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Form 2555 foreign earned income
- Replies: 6
- Views: 3325
Re: Form 2555 foreign earned income
Thank you nelsona! I have difficulty with the qualifying period. I worked 15 days before I went down to the US. What is the number should I put on line 31? If 15, then only 15/365=4% of the $ 103,900 (maximum foreign earned income exclusion), which is $4156. If I received a lot more income than $415...
- Sat Mar 23, 2019 6:25 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Form 2555 foreign earned income
- Replies: 6
- Views: 3325
Form 2555 foreign earned income
Hello,
Should the foreign earned income report on line 19 the net income (after deduction of tax already paid, RRSP contribution, EI premiums, union due, Cpp contribution etc) of Canadian source?
Can anyone please explain the housing exclusion?
Thanks!
Should the foreign earned income report on line 19 the net income (after deduction of tax already paid, RRSP contribution, EI premiums, union due, Cpp contribution etc) of Canadian source?
Can anyone please explain the housing exclusion?
Thanks!
- Sun Mar 17, 2019 11:37 pm
- Forum: Canada / United States Tax & Accounting
- Topic: US Resident alien what forms do I need to fill besides 1040
- Replies: 0
- Views: 10000
US Resident alien what forms do I need to fill besides 1040
Hello,
For 2018 tax year, I have a little bit salary from Canadian employer (tax withheld) and rental income. For US tax, what forms do I need to fill besides f1040, f1116 or f8833?
Thank you very much!
For 2018 tax year, I have a little bit salary from Canadian employer (tax withheld) and rental income. For US tax, what forms do I need to fill besides f1040, f1116 or f8833?
Thank you very much!
- Tue Dec 18, 2018 8:19 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Tax on RRSP contribution
- Replies: 13
- Views: 5394
Re: Tax on RRSP contribution
I will explain and see if IRS recognize it. Thanks!
- Mon Dec 17, 2018 11:31 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Tax on RRSP contribution
- Replies: 13
- Views: 5394
Re: Tax on RRSP contribution
"The severance is really pension income by IRS, and by rolling into an RRSP, it is not taxable in Canada, and thus not in US."
I signed an agreement with my previous Canadian employer to put this severance payment to RRSP. Will it work to submit this agreement to IRS?
I signed an agreement with my previous Canadian employer to put this severance payment to RRSP. Will it work to submit this agreement to IRS?
- Sat Dec 15, 2018 9:34 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Tax on RRSP contribution
- Replies: 13
- Views: 5394
Re: Tax on RRSP contribution
Thank you nelsona again for your help. I will include form 8833 to explain.
- Mon Dec 10, 2018 12:33 am
- Forum: Canada / United States Tax & Accounting
- Topic: Tax on RRSP contribution
- Replies: 13
- Views: 5394
Tax on RRSP contribution
Hello,
I received severance pay after I left Canada for my new job in the U.S. As an agreement with my previous employer, I put all the payment into RRSP so I was not taxed on this income in Canada. I will be taxed by IRS for this Canadian income, right?
Thanks!
I received severance pay after I left Canada for my new job in the U.S. As an agreement with my previous employer, I put all the payment into RRSP so I was not taxed on this income in Canada. I will be taxed by IRS for this Canadian income, right?
Thanks!
- Sat Oct 13, 2018 7:02 pm
- Forum: Canada / United States Tax & Accounting
- Topic: work in US on TN, how to file tax for rental property in Canada
- Replies: 0
- Views: 10135
work in US on TN, how to file tax for rental property in Canada
Hello, I am working in US on TN. I keep my main residence in Canada and I also have a rental property in Canada. Am I considered as a residence of Canada for tax purpose? Should I file income tax in both US and Canada? Should I submit the form T1161E and NR6 E: https://www.canada.ca/en/revenue-agenc...